Section 22
Mortgagee entitled to 3 months’ notice of payment
of Conveyancing and Lawof Property Act 1886
ActIn forceProvision 23 of 85
Section 22
(1)
Where the mortgage money is not paid on the stated day, the mortgagee shall be entitled, in the absence of any stipulation to the contrary in the mortgage deed, to 3 months’ notice in writing previous to payment or to 3 months’ interest in lieu of that notice.
(2)
This section shall apply to mortgages made before, on or after 1 August 1886.